Closing Bell Movers: Oracle ticks higher as Trump rescues TikTok in US

In the opening hour of the evening session, U.S. equity futures are trading flat, though sentiment has turned decidedly more cautious this week heading into Friday’s release of PCE inflation data.   All major indices were down for the 3rd consecutive session, led by declines in Health Care, Consumer Discretionary, and Materials sectors  – Energy was the only sector in the positive as Crude Oil registered its fourth consecutive day of gains.   The VIX fear gauge also reflected elevated nervousness about the bull market, approaching 18-handle for the first time in three weeks, while Treasury yields ticked higher across the curve.

Afterhours, Costco reported better than expected Q4 results but shares slipped by about 1%.  Among mega-cap gainers, Oracle ticked higher on the White House announcement that President Trump signed an executive order to preserve TikTok.  Later in the session, President Trump’s announcement of a 25% tariff on heavy truck imports helped boost shares of Paccar (PCAR) by over 5%. 

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• NLS Pharmaceutics AG (NLSP) up 4.4% after equity offering
• Oracle (ORCL) up 1.3% as Trump signs executive order to preserve TikTok
• Alphabet (GOOGL) up 1.0% after report it is in talks with Meta (META) over use of Gemini for ad targeting

DOWN AFTER EARNINGS –

• Concentrix (CNXC) down 21.9%
• Legacy Education (LGCY) down 12.0%
• LightPath Technologies (LPTH) down 2.9%
• Costco (COST) down 0.9%